Heart Attack Diagnostics Market: Growth Drivers, Regional Trends and Forecasts to 2030

[Kamal]

The global Heart Attack Diagnostics Market recorded a substantial size of USD 12.44 billion in 2021 and is anticipated to exhibit a robust compound annual growth rate (CAGR) of 8.0% throughout the projected period. The surge in heart attack occurrences, often accompanied by multiple instances of Coronary Artery Diseases (CAD), coupled with increased alcohol and cigarette consumption, emerges as pivotal factors poised to propel the growth of the heart attack diagnostics market in the foreseeable future. A study conducted by the National Heart Lung and Blood Institute on February 3, 2021, highlighted the escalating rates of deaths and disabilities due to cardiovascular diseases worldwide.

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Advancements in technology and the integration of Artificial Intelligence (AI) into heart attack diagnostics are poised to be instrumental in fostering market revenue growth. AI systems are making notable strides in expediting time-consuming cardiovascular imaging tasks, encompassing anomaly detection, image segmentation, and patient selection.
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The heart attack diagnostics market is also anticipated to experience rapid growth due to consistent technological enhancements by major industry players in diagnostic imaging techniques. The availability of diverse imaging modalities is significantly aiding healthcare practitioners in accurately assessing individuals suspected of having coronary ischemia. Modalities like stress echocardiography, stress electrocardiography, myocardial perfusion imaging, and Magnetic Resonance Imaging (MRI) are providing both structural and functional insights into coronary stenosis, thus enhancing patient outcomes. Furthermore, the emergence of diagnostic pathways like Coronary Computed Tomography Angiography (CCTA) with perfusion, whole-heart magnetic resonance angiography, and CCTA fractional flow reserve is expected to fuel market expansion over the forecast period.
The market dynamics are further driven by key strategies, novel product launches, increased healthcare expenditure, major collaborations, partnerships, and escalated research and development activities. For instance, HeartFlow's merger with Longview Acquisition Corp. II in July 2021 paved the way for accelerated adoption and support for transforming heart disease care continuum. Top industry players are pursuing diverse strategies, focusing on innovative test creation, consistent technological progress, and product refinements. Abbott's introduction of the RX Implantable Cardiac Monitor (ICM) in May 2019 exemplifies this approach, offering heart rhythm tracking via heartbeat observation. Similarly, a breakthrough was achieved on February 3, 2022, when physician-scientists at Cedars-Sinai developed an AI-based tool to effectively differentiate between hypertrophic cardiomyopathy and cardiac amyloidosis.
However, the lack of skilled professionals for performing coronary artery catheterization procedures poses a restraint. The complexity of these procedures requires highly qualified and experienced healthcare personnel, and a shortage of such specialists, particularly in emerging countries, due to insufficient comprehensive training programs, is projected to limit market growth.
Additionally, the blood test segment is projected to achieve the fastest revenue CAGR during the forecast period. Rapid blood tests and enzyme-based diagnostic methods, such as the Troponin T diagnostic kit and Creatine Kinase MB Isoenzyme (CK-MB) diagnostic tool, are gaining significant traction in industrialized countries for their speed and accuracy. These tests yield results within a few hours, affording doctors crucial additional time to save patients' lives.
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The hospital segment accounts for a substantial revenue share in the end-use industry category due to the prevalence of diagnostic tests and procedures conducted within hospital settings for the diagnosis and treatment of cardiac issues. Hospitals are increasingly adopting advanced imaging and diagnostic technology to automate workflows and ensure accurate diagnoses. On the other hand, the ambulatory surgical centers segment is projected to experience the fastest revenue CAGR, attributed to a rising number of ambulatory clinic visits and cardiac imaging tests in these facilities for detecting heart-related disorders. Specialist surgeries like coronary angioplasty, performed in ambulatory surgical centers, further contribute to segment growth.
Regionally, North America commands the largest revenue share in the global heart attack diagnostics market, driven by escalating cases of CAD in the U.S. and Canada. The U.S. Centers for Disease Control reported that a person in the U.S. experiences a heart attack every 40 seconds, making it a costly treatment in American hospitals. The American Heart Association estimates that around 45% of the U.S. population will be afflicted by heart diseases by 2035, attributing this to factors like obesity, smoking, and sedentary lifestyles. The region benefits from a robust healthcare infrastructure and substantial investments in innovation.
In the Asia Pacific region, heart attack diagnostics market growth is projected to be steady between 2021 and 2030, driven by the high prevalence of heart diseases in certain areas, particularly India and China. In China, the incidence of heart attacks among individuals under 50 years of age has significantly risen over the past decade. Europe occupies a moderate share of the heart attack diagnostics market, characterized by a gradual increase in patients suffering from CAD and peripheral artery diseases. The European Union reports that cardiovascular attacks remain a major cause of death in the region. Technological advancements are fostering portability in diagnostic devices, such as Kings College London's blood test device designed to diagnose heart attacks rapidly and enhance diagnostic accuracy.
The competitive landscape of the global heart attack diagnostics market is moderately fragmented, with numerous key companies operating at both global and regional levels. These companies are actively involved in research and development initiatives, testing, and forming alliances to pioneer novel technologies. Some prominent industry players include General Electric Company, Siemens Healthcare GmbH, F. Hoffmann-La Roche Ltd., SCHILLER AG, Astra Zeneca, Hitachi Ltd., Koninklijke Philips N.V., Toshiba International Corporation, Abbott, Bionet, Midmark Corporation, and Bio-Rad Laboratories Inc. For instance, Royal Philips' acquisition of Cardiologs in November 2021 enhanced their cardiac monitoring and diagnostics offerings through innovative software technology and AI-driven ECG analysis. Similarly, Cleerly's introduction of power imaging technology based on AI in June 2021 aimed to provide a comprehensive view of cardiac health, offering improved insights compared to traditional indicators.
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[kartik]

Hello, I'm Kartik R, and I work at Lifecode, where we specialize in genetic testing with a strong emphasis on cardiovascular health. My role involves helping people understand their genetic makeup so they can make informed decisions about managing their heart health, fitness, and overall well-being.

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